---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-271880"
form_type: "8-K"
ticker: "CDR-PB"
cik: "0000761648"
company_name: "CEDAR REALTY TRUST, INC."
filed_at: "2021-09-14T23:59:59+00:00"
generated_at: "2026-06-29T03:59:55.539523+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cedar Realty appoints Jennifer Bitterman CFO; extends revolver to $185M and $50M term loan

## Summary
- Jennifer Bitterman named EVP and CFO effective Sept 9, 2021; succeeds Philip Mays who departs for other opportunity.
- Mays receives $285K cash severance (75% of target bonus) and 50% accelerated vesting of time-based equity awards.
- Bitterman's compensation: $325K base salary, 90% target bonus, $325K annual LTI; severance of 200% of salary plus target bonus.
- Revolving credit facility amended to $185M, maturing Aug 30, 2024, with two one-year extension options.
- $50M term loan extended to Aug 30, 2026; pricing grid tied to leverage ratio.

## SEC filing metadata
- accession: 0001193125-21-271880
- form_type: 8-K
- ticker: CDR-PB
- cik: 0000761648
- company_name: CEDAR REALTY TRUST, INC.
- filed_at: 2021-09-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/761648/000119312521271880/0001193125-21-271880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/761648/000119312521271880/d226135d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-271880
- JSON: https://secwatch.observer/filing/0001193125-21-271880.json
- Plain text: https://secwatch.observer/filing/0001193125-21-271880.txt

## Key facts
- Executive change
  Philip Mays departed as Executive Vice President and Chief Financial Officer at CEDAR REALTY TRUST, INC..
  - Action: step down
  - Role: Executive Vice President and Chief Financial Officer
  source text: Philip Mays will step down as Executive Vice President and Chief Financial Officer of the Company, effective immediately, to pursue another business opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/761648/000119312521271880/0001193125-21-271880-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.